AdaptHealth (AHCO) Net Margin (2019 - 2026)
AdaptHealth's Net Margin was -20.65% in Q3 2026, down 24.30 percentage points from 3.65% a year earlier and down 2.56 percentage points from the prior quarter.
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Analysis
AdaptHealth (AHCO) Net Margin (2019 - 2026) Analysis & Trends
On a trailing twelve-month basis, AdaptHealth's Net Margin was -11.37% through Sep 30, 2026, down 14.15 percentage points year-over-year; for FY2025, it was -2.18%, down 4.95 percentage points from FY2024.
- Net Margin shows a five-year change of +13.12 percentage points (FY2020 to FY2025).
- In earlier years, Net Margin was 2.77% in FY2024 (+23.99 pp), -21.21% in FY2023 (-23.55 pp), 2.33% in FY2022 (-3.44 pp) and 5.78% in FY2021 (+21.08 pp).
- The Q3 2026 figure marks the lowest quarterly Net Margin since Q4 2023.
- Compared with a year earlier, Net Margin has declined for four straight quarters, with an average year-over-year change of -3.01 percentage points over the last eight quarters.
- The best year-over-year quarter for Net Margin over five years was Q3 2024 (a gain of 59.31 percentage points); the worst was Q3 2023 (a drop of 58.43 percentage points).
- Per Business Quant data, AHCO's Net Margin in the three quarters before Q3 2026 was -18.09% (Q2 2026), -1.96% (Q1 2026) and -8.09% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | HCA Healthcare | 108.20 Bn | 104.30 Bn | - | 7.96% |
| 2 | Natera | 46.17 Bn | 41.80 Bn | 513.47 Mn | -7.55% |
| 3 | Labcorp Holdings | 29.69 Bn | 27.77 Bn | 1.11 Bn | 6.90% |
| 4 | Quest Diagnostics | 28.14 Bn | 25.91 Bn | 1.04 Bn | 10.07% |
| 5 | Tenet Healthcare | 23.04 Bn | 12.35 Bn | - | 17.76% |
| 6 | Guardant Health | 21.32 Bn | 16.94 Bn | 236.15 Mn | -34.45% |
| 7 | Tempus AI | 14.79 Bn | 11.95 Bn | 266.70 Mn | -3.61% |
| 8 | BrightSpring Health Services | 14.35 Bn | 12.11 Bn | 518.55 Mn | 2.38% |
| 9 | Encompass Health | 13.83 Bn | 13.46 Bn | - | 9.31% |
| 10 | AdaptHealth | 991.60 Mn | 713.52 Mn | 114.81 Mn | -20.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -20.65% |
| Jun 30, 2026 | -18.09% |
| Mar 31, 2026 | -1.96% |
| Dec 31, 2025 | -12.14% |
| Sep 30, 2025 | 2.99% |
| Jun 30, 2025 | 2.23% |
| Mar 31, 2025 | -0.93% |
| Dec 31, 2024 | 5.87% |
| Sep 30, 2024 | 2.84% |
| Jun 30, 2024 | 2.41% |
| Mar 31, 2024 | -0.27% |
| Dec 31, 2023 | -29.65% |
| Sep 30, 2023 | -56.47% |
| Jun 30, 2023 | 1.76% |
| Mar 31, 2023 | 2.11% |
| Dec 31, 2022 | -0.33% |
| Sep 30, 2022 | 1.95% |
| Jun 30, 2022 | 1.77% |
| Mar 31, 2022 | 5.41% |
| Dec 31, 2021 | 3.01% |
API Access
AdaptHealth Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=AHCO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "AHCO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=AHCO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();